Great.. So obviously you used your 'genius' insight to load up on MSTR PUTs though, right? Don't tell us all this wisdom, yet you didn't take advantage of it yourself.
Blackrock typically becomes the largest investor in anything it touches and votes their shares or in this case, coins despite being having an index mandate. Blackrock is, as always, going to vote their bottom line. The fact that the Chairman just announced that more cuts are still possible is not a good thing for bitcoin, as it is supposed to be an inflationary hedge and anticipated monetary expansion is not hawkish behavior. Multiple members of the Fed are speaking today on the recent decision. The market on rate cuts was almost entirely locked for this being the final. Every manager, c0cktail party attendee, and person on the internet was long bitcoin, and short fixed income, with leverage. The short to medium term top is definitely in for the time being, and traditional fixed income is going to benefit. Watch how this goes from here.
The posters who never invested in bitcoin or crypto assets will be actively posting on the crypto assets forum during these "crashes"... They'll be quiet when bitcoin starts to go up again It's a bull market, \for the next 12 months, relax and enjoy, it will be lots of fun, this is my fourth cycle
I'm a lurker... occasional poster only btw, every bitcoiner who owns the private keys to their bitcoin holdings is praying, or should be praying for Blackrock or any of the usual suspects, be it mstr or other corporations or even a group of them to go ahead and increase the supply of bitcoin It requires a hard fork Hoping for competing efforts, for multiple bitcoin forks tl;dr, every bitcoiner who owns their own private keys will get all versions of bitcoin, as we've already experienced in 2017 The kicker is this, if all the bitcoin spot etf's choose the increased bitcoin supply version and pour all their fiat into it, more power to them, all of us bitcoiners will have that version using that wallet but we will also have the OG bitcoin core, and now with even more scarce, due to the million(s) of coins that are inaccessible from all the wall street investors who bought the etf's and do not have the private keys to access the OG bitcoin core bitcoin this probably is too difficult for you to understand... it's too technical
I appreciate the general sentiment of having the coins vs the index fund having the coins, that’s definitely a fair point and it’s almost like periodically getting a dividend
If a soft fork "added liquidity" by increasing supply while adding features, it would absolutely crash. A hard fork is analogous to a corporate spin-off, it has no impact to the coin, provenance is maintained. To even discuss it is foolish. I think a lot of this week's vol was related to that topic and it's silly.
The biggest threat to BTC will be the convertible debt crisis. Until it gets to that stage, the next biggest threat will be that Western nations stop the errors of their ways and quit printing, printing, printing money like drunken sailors. But we all know politicians can't do that, because democracy is broken and people are too woke these days. So I'm not going to lose sleep over BTC going to zero in THAT scenario.